Index tracks global refinery companies and complements licensed flagship index MVOIH in exposure to oil sector.

Frankfurt (19 August 2015) – Market Vectors Index Solutions (MVIS) today announced the licensing of the Market Vectors Global Oil Refiners Index (MVCRAKTR) to Van Eck Global, one of the top ten providers of exchange-traded products in the U.S. The Market Vectors Oil Refiners ETF (NYSE Arca: CRAK) is listed on the New York Stock Exchange and started tracking the index today.

Market Vectors Global Oil Refiners Index tracks the performance of global oil refinery companies which are selected based on a rules-based and proven index methodology. Market Vectors Index Solutions applies demanding size and liquidity criteria when screening companies for index inclusion; eligible are only so-called pure-play companies which are defined as companies that generate at least 50 percent of their revenues from a certain sector, in this case crude oil refining.

«The development of MVCRAK was a strategic decision to provide complete exposure to the oil industry. The index complements the coverage of the Market Vectors US Listed Oil Services Index (MVOIH) which underlies exchange-traded products with about USD 1.2 billion* invested», said Lars Hamich, CEO of Market Vectors Index Solutions. «Oil refiners tend to be less correlated to the oil price than oil services companies. MVCRAKTR outperformed the Oil Services Index by 100% over the past thirteen months when the oil price declined», added Mr. Hamich.

Market Vectors Global Oil Refiners Index launched on 21 May 2015 as the latest addition to a line-up of currently thirteen hard assets indices. This index range includes energy-focused indices providing coverage to sectors such as oil services, coal, unconventional oil and gas, as well as uranium and nuclear energy. Assets tied to Market Vectors hard assets indices add up to approximately USD 4 billion*.

The Market Vectors Global Oil Refiners Index is weighted by free float market capitalisation, calculated in US Dollar as a price and a total return net index. A thought-out and proven capping concept generally prevents overweighting of individual index components. Index reviews are performed quarterly.

*as of 15 August 2015

Key Index Features

Year-To-Date Performance (MVCRAKTR): 18.5%

Full Market Capitalisation (bn USD): 291.17

Number of Components: 25

Base Date/Base Value: 31.12.2005/1000

Top 5 Companies by Weighting:
Marathon Petroleum (8.81), Phillips 66 (8.65%), Valero Energy (8.44%), Tesoro (6.96%), Reliance Industries (6.70%)

(Data: Close 18 August 2015)

Detailed information about the Market Vectors Global Oil Refiners Index and the full range of Market Vectors Indices is available here.

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